Maktoum bin Mohammed chairs the meeting of the Supreme Board of Directors of the Dubai International Financial Center

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of the Dubai International Financial Center, confirmed that the economic system in Dubai is proceeding according to the sound vision established by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, in Maintaining the sustainability of the elements of economic growth and the outstanding performance of the various sectors of the emirate, which was demonstrated by the strong results achieved by the Dubai International Financial Center during the last period despite the challenges that the global economy is going through.

His Highness praised the efforts of the work teams in the center to enable them to cross the challenges with flexibility and competence, to achieve outstanding results that demonstrated the ability of the center to continue expanding in its work, achieving high performance rates and keenness to support partners to achieve more success, despite the difficult circumstances that befell the world.

His Highness said: "The strong performance of the Dubai International Financial Center reinforces Dubai's position as a major hub for financial activities, not only at the regional level but also at the global level. It also reflects the firm approach pursued by the UAE, which is based on economic diversification, maximizing the elements of creativity, innovation, business expansion, and commitment Creating an ideal environment that supports the growth of companies and businesses.

His Highness added: "We will continue to work during the next stage, which requires us to double our work to enhance all the ingredients that ensure the preservation of the distinguished performance of the Dubai International Financial Center and to make more efforts to reach new successes that keep pace with the aspirations and ambitions of the wise leadership for the future of economic development in Dubai and the UAE."

This came while His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of the Dubai International Financial Center, chaired the meeting of the Supreme Board of Directors of the Dubai International Financial Center today, during which His Highness was briefed on the progress made during the first half of the year and the achievements made by the bodies of the center The three independent ones include: the Dubai International Financial Center Authority;

the Dubai Financial Services Authority;

and the Dubai International Financial Center Judicial Courts.

His Highness also praised the continuous progress made by the Center in achieving its strategy for the year 2024, and His Highness approved the proposed strategy for the year 2030, confirming its leadership position as a global center for financial services and companies thanks to its advanced legal and regulatory frameworks, its pioneering infrastructure and its innovative system, all of which contribute to attracting The best companies and enabling them to contribute to shaping the future of financial services.

This is the first meeting held by the DIFC Supreme Board of Directors after the issuance of Decree No. 35 of 2020 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, may God protect him.

The meeting was held in the presence of His Excellency Essa Kazim, Governor of the Dubai International Financial Center;

Zaki Bin Azmi, President of the Dubai International Financial Center Courts;

Fadel Al Ali, Chairman of the Board of Directors of the Dubai Financial Services Authority, Abdul Fattah Sharaf, Hisham Al Qassem, and Irshad Ghafour, during which the meeting witnessed a review of the center's growth opportunities during the second half of the year.

In this context, His Excellency Essa Kazim, Governor of the DIFC, said: “The DIFC has succeeded in continuing to establish itself as a leading financial services center in the Middle East, Africa and South Asia region during the first half of 2021, paving the way for further growth opportunities. In this regard, we affirm our continuous keenness to enhance economic diversification in the emirate, and we will constantly work alongside all our partners to raise Dubai’s position as a global financial hub, present and future. ".

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